In order to make a company successful then have to build a sustainable products as well as measuring their leap of faith assumptions. In this article you will know steps that every company should follow for making their product sustainable.
Ideas
Firstly, we have to proceed what is our idea, then by using proper strategy execute that idea to achieve company goals.
Build
After this step we have to build all plans in such a way, so that it helps to make product sustainable and make all the strategy accessible to all trust employees.
Product
Company have always think about the customer perspective not just that they developed the product, and it will be the best whether customer want or not, because every company have to think about leap of faith assumption.
Measure
After launching the product, they have to take care of all data getting from customer and then measure which data is positive or negative, so that company will improvise their product.
Learn
After measuring validated data, company have to utilize it in learning in which area they have to work better to attract more customers so that their growth will remain sustainable.
Reality Remember those people say that they have better ideas than others their company will become successful, this is myth. Ideas will help you only 5% and 95%you have to work to make better plans to execute these ideas to make sustainable products.
Leap of faith assumption:
This assumption helps us to know whether our product is sustainable or not. There are two methods to check this assumption.
Customer value
This will help you to know whether your product is wanted by customer or not. After this you will easily get data from customer whether it is positive or negative about your product, then you will evaluate your decision to make sustainable product.
Growth value
This will help you to know after early adoption by customer with how much pace your product is growing. It helps to understand the future prospects of your product.
Every investor looks into this assumption before investing in your company, so to make great product every entrepreneur has to think about this leap of faith assumptions.